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November 30, 2012, 05:37:29 AM |
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So, how long do you fellows think it will take for BTC prices to increase and balance out for the decrease in new supply?
New supply of coins for the market has now halved. More of the coins being exchanged will be old coins. I don't expect prices to double at all, at least not for a long time, but when might we see prices steadily increase due to decreased new supply and where might it top out. I personally would't be surprised to see $14~$16 over the next 6 months and maybe $18~$22 by a years end. This is of coarse if we don't get any type of bubbles. I think ASICs could be a bubble maker or a bubble popper and the most important thing to look out for
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Prices have gone up, but I think this was mostly due to more buying right before the halving.
It'll be interesting to see where things go from here.
I really love the idea of BTC. I just wish they were a bit more useful in a practice sense.
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